I found the mp3 archives to Harry Browne's investment show

From 2004-2005 Harry Browne had a once a week radio show where he went over his investment philosophy and strategy called the ”Permanent Portfolio”. In addition to explaining why he used his strategy, he also discussed many other areas relating to finance and free-market economics. During the end of the show cycle, Harry Browne had his long time colleague and publisher, John Chandler, join him on the air.

These shows are full of timeless advice but make little reference to the market happenings of the day. As a result, the information in them is just as valid now as when they were first recorded. Most importantly, Harry Browne had a strong grasp of economic history and understood that uncertainty in the markets is the norm, not the exception, so you better have an investment strategy to deal with it.

If it's a pain to download each individually, get the "download them all" plugin for firefox, change max simultaneous downloads to "1" (doesn't seem to work well otherwise for this particular site), and you're good to go.

* Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

* No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

* Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

* End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.

Harry explained that mutual fund does it all for you, but you could just follow all the instructions and DIY: You would posses and have to secure the metal yourself. You sell bonds at 80% maturity and buy new ones regardless of how well they are doing at that moment, and must buy/sell as necessary to stay right with that ever-drifting average stock selection group of top stocks.... can't remember ...DJ average?

Don't know why, they also took the PP web site down for a while as gold shot up/stocks plunged (happened a few years ago... 2006 or 2008 sketchy recall on my part). I also recall noticing (in early 2000's?) some drift from the 4 way, 25%25%25%25% thing Harry used to talk about... decades ago.

I have not looked into this recently, I'm spouting recall from ~15 years ago- Harry said it had the 6% average annual yield "for money you could not afford to lose".

The feds (SEC?) gave Cuggino a good grilling a while back, I think that's about when there was a subtle change in category percentages.

I wonder if Jim Babka has more insight into this... Does he have some flesh in the game?

I'm really liking the investment show. Its a good mix of economics, explanations of the basics of investments, and his principles on how to invest.

Too bad I never got a chance to vote for him for President.

Yeah, those were in my "I didn't know better" days and I didn't vote for him. It was my first Presidential election though. I wanted to vote for Buchanan but I lived in Florida and didn't want to "risk getting Gore elected"

__________________________________________________ ________________"A politician will do almost anything to keep their job, even become a patriot" - Hearst

My only concern is whether or not they physically hold the gold assets. I guess I need to read the prospectus ;-)

Harry makes some comments on how the mutual fund holds its gold assets on 4-12-12 episode of his investment show (around ~ 38:00).
He says its in some Comex depositories and some other warehouses stationed around the United States. He says due to regulatory issues the fund is unable to hold those assets themselves and take physical delivery.

Harry makes some comments on how the mutual fund holds its gold assets on 4-12-12 episode of his investment show (around ~ 38:00).
He says its in some Comex depositories and some other warehouses stationed around the United States. He says due to regulatory issues the fund is unable to hold those assets themselves and take physical delivery.

How ironic.... the amazing thing is that goes against what he teaches, physically posessing the gold and NOT keeping it warehoused

__________________________________________________ ________________"A politician will do almost anything to keep their job, even become a patriot" - Hearst

How ironic.... the amazing thing is that goes against what he teaches, physically posessing the gold and NOT keeping it warehoused

Well its the fault of the security regulators. Unfortunately. He says if you use the mutual fund for your gold holdings you should also set buy some for your personal possession as well.

He actually says its ok (and actually good) that you have some gold holdings NOT in your possession and out of the country as long as its not in a "pooled" account and the gold is reserved in your name.

Well its the fault of the security regulators. Unfortunately. He says if you use the mutual fund for your gold holdings you should also set buy some for your personal possession as well.

He actually says its ok (and actually good) that you have some gold holdings NOT in your possession and out of the country as long as its not in a "pooled" account and the gold is reserved in your name.

Exactly. Although in one of the podcasts he did mention that there are almost no Swiss banks that will store / warehouse your gold for you, without mixing it with other accounts and just putting you down on the ledger.

One question I have unrelated though is that since the PRPFX doesn't follow Harry's PP plan exactly, I wonder if it's in line with his ideals, or if they have modified it against what he would recommend? I think they hold some Swiss currency in there too which is not the same as the original plan. Also, are Treasury bonds even any good any more?

__________________________________________________ ________________"A politician will do almost anything to keep their job, even become a patriot" - Hearst

Exactly. Although in one of the podcasts he did mention that there are almost no Swiss banks that will store / warehouse your gold for you, without mixing it with other accounts and just putting you down on the ledger.

One question I have unrelated though is that since the PRPFX doesn't follow Harry's PP plan exactly, I wonder if it's in line with his ideals, or if they have modified it against what he would recommend? I think they hold some Swiss currency in there too which is not the same as the original plan. Also, are Treasury bonds even any good any more?

As to weather Treasury Bonds are "good" anymore I'm sure Harry's answer would be" "maybe, but you never know what's going to happen, bond yields may drop even more etc".